Crazy Eddie and the Art of Stock Fraud

Crazy Eddie and the Art of Stock Fraud

Spotting a stock fraud is extremely difficult, but finding some smoke is significantly easier. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. After going public in the 1980s, the stock became nearly a ten-bagger before investigators found it to be a fraud. Investors may not have suspected that the retailer boosted profit margins by manipulating a cash skim, but there were some other signs that the soaring stock price didn’t tell the whole story. Ricky Mulvey talked with Gary Weiss, author of “Retail Gangster: The Insane, Real-Life Story of Crazy Eddie” about: - Why investors bought into Eddie Antar’s hype - How criminals save money on sales tax - The eventual downfall of Crazy Eddie Host: Ricky Mulvey Guest: Gary Weiss Engineers: Rick Engdahl, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Avsnitt(2095)

Starbucks Faces a Tall Order

Starbucks Faces a Tall Order

Customers are willing to pay up, as long as it’s convenient. Amazon’s e-commerce segment proves it, but at Starbucks long lines during peak periods have customers rethinking their orders.  (00:21) As...

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PayPal Turns Around (Slowly)

PayPal Turns Around (Slowly)

Alex Chriss is still early in his tenure as the CEO of PayPal, but the company’s turnaround is already showing green shoots. (00:21) PayPal’s earnings and why a drop at a specialty insurance company ...

30 Apr 202432min

Big Drama At Paramount

Big Drama At Paramount

Ahead of earnings at Paramount, potential deals and rumors are flying. At 00:21, Jason Moser and Deidre Woollard discuss what’s happening at Paramount as well as strong earnings from Domino’s Pizza a...

29 Apr 202432min

How to Win in Business: Be Right, Be Positive

How to Win in Business: Be Right, Be Positive

Executives like to talk about innovation, but how do you spot the difference between world changing stuff and corporate theater? Elliott Parker is the CEO of High Alpha Innovation and author of, “The...

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Why Resale is Forever

Why Resale is Forever

Winmark doesn’t make a lot of noise. The business speaks for itself. Winmark, a resale is a franchisor that owns concepts including Plato’s Closet, Play It Again Sports, and Once Upon a Child. The co...

27 Apr 202432min

Earnings: Chipotle, Tesla, and Alphabet Soar

Earnings: Chipotle, Tesla, and Alphabet Soar

We’re seeing consistently strong results this earnings season, but the market keeps looking forward. It loves Alphabet’s dividend and Tesla’s mass market ambitions, but is less sold on Meta comminglin...

26 Apr 202440min

Meta Slows Its Roll

Meta Slows Its Roll

At (00:21) David Meier and Deidre Woollard discuss IBM’s potential acquisition of HashiCorp and how it helps grow the business. And what was it about Meta’s earnings that gave the market pause? Comp...

25 Apr 202422min

Tesla: Carmaker Now, Robotaxi Future

Tesla: Carmaker Now, Robotaxi Future

Tesla’s current-state results weren’t strong, but a low-price EV and the company’s robotaxi unveiling in August have investors excited. At (00:21) we talk Tesla’s down results and up market reaction,...

24 Apr 202423min

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